I.t. Assess gas amount paid through on bank mode Rs:850/- .some amount refunded rs:150/- bank account deposit.
question:
Assess how to passed accounting entries above transactions
house expenses Rs:850/- a.c.debit and refund amount rs150/- house expenses a.c.credit is correct or in correct.
Hi your correct.
house expenses a/c
Tax a/c
To Bank
reimbursement
Bank a/c
To tax
To Reimbursement
CAclubindia
